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Estonian former PM warns of backlash from Russian sanctions

English.news.cn   2014-08-03 19:50:58

TALLINN, Aug 3 (Xinhua) -- Tiit Vahi, a former Estonian Prime minister and head of the management board at Port of Sillamae, a gateway for Russian exports to Europe in eastern Estonia, said his company has prepared a crisis plan for a backlash from sanctions against Russia.

He made this remark this weekend when interviewed by Aripaev (Aripaev - Business Day). Biggest business newspaper and number one in economics news in Estonia.

"with both the EU and US on one side, and Russia on the other side, trying to pull a 48-million population nation into their sphere of influence, instead of trying to boost the Ukrainian economy," he said.

Tiit, born on January 10, 1947, is an Estonian politician and was prime minister of Estonia from 1995 to 1997. He was also acting prime minister for several months during 1992 under the transitional government.

Russia would answer definitely with its own economic sanctions and build military bases in Belarus, move Iskander missiles to Kaliningrad, arm Sevastopol and strengthen border areas, he noted.

On possible Russia's reaction against the western sanctions with its import bans, Estonian transportation expert Raivo Vare said Russia will first impose bans on agricultural and food products.

A number of Estonian dairy and fish producers were hit with bans at the end of last year and in January, with Estonian authorities working to bring the companies in line with Russian requirements, which differ from EU standards. Most of the bans have now been lifted.

Russia recently announced import bans on Polish fruit and vegetables, saying the imports had unacceptable levels of pesticide residues.

The ban could cost Poland 1 billion euros annually, the Estonian business daily reported.

Editor: Fu Peng
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